USDA Sets 2013 Loan Rates

WASHINGTON - Feb 6/13 - SNS -- The USDA's Commodity Credit Corporation (CCC) has set regional loan rates for peas, lentils and small and large chickpeas grown in 2013 in the United States.

The USDA also set county loan rates for the 2013 crops of wheat, corn, grain sorghum, barley, oats, soybeans and other oilseeds (sunflower seed, flaxseed, canola, rapeseed, safflower, mustard seed, crambe and sesame seed); national milled loan rates and state loan rates by class for the 2013 rice crop; and the national loan rate for the 2013 honey crop.

The American Taxpayer Relief Act of 2012 provides for a continuation of the marketing assistance loan and loan deficiency payment programs for the 2013 crop year. The national loan rates for the 2013 crops pulse and specialty crops are:

   United States 2013 Crop Loans Rates
Crop                National Loan Rate
Small Chickpeas     $7.43 per hundredweight
Large Chickpeas     $11.28 per hundredweight
Dry Peas            $5.40 per hundredweight
Lentils             $11.28 per hundredweight
Honey               $0.69 per pound
Other Oilseeds      $10.09 per hundredweight for each "other oilseed"
Wheat               $2.94 per bushel
Corn                $1.95 per bushel
Grain Sorghum       $1.95 per bushel
Barley              $1.95 per bushel
Oats                $1.39 per bushel
Soybeans            $5.00 per bushel